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Nov 30, 2012
11/12
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he said he's got a naughty and nice list back in washington. he's got certain congressmen in mind to be on that naughty and nice list. but take a listen to what the president said making the case that this is all about tax cuts for the rich and republicans wanting to preserve those. >> what's riding on this debate. this is too important to our economy. it is too important for our families to not get it done. it's not acceptable to me and i don't think it is acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> then one of those congressmen who's presumably on the president's naughty list today, speaker john boehner, who came out just a few minutes after the president spoke. he talked here on capitol hill a little bit about the stalemate that he sees these talks being at this point. sort of a glum take here from the speaker of the house. obviously he's saying that these negotiations not broken down. they continue to talk bu
he said he's got a naughty and nice list back in washington. he's got certain congressmen in mind to be on that naughty and nice list. but take a listen to what the president said making the case that this is all about tax cuts for the rich and republicans wanting to preserve those. >> what's riding on this debate. this is too important to our economy. it is too important for our families to not get it done. it's not acceptable to me and i don't think it is acceptable to you for just a...
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Nov 29, 2012
11/12
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in fact, if you listen to, it again, i'm not a master of the political art here, i'm in washington but i would say if you had these points of views in a business context, as close as they are, i would say a deal would be in reach. >> you see some fundamental level of optimism from lloyd blankfine but a long way to go with the combination of prief pressure and public pressure, like the president is going to exert before we actually go to the flight of fired. i asked the treasury secretary should the president return to wall street. he it must be someone who understands markets, marry. >> me have 33 days to -- head of all pi he told john harwood. marge i will hates have to go up somewhat. he said that's going to put a drag on the economy but we have to do something about the deficit. i don't really understand reasonings. i think he needs to go back to economic then i would argue the deficit gets worse because the revenues don't come in because the unemployment rate goes up. >> you're absolutely right. france instituted a 75% marginal tax great early last night grease going we've got to m
in fact, if you listen to, it again, i'm not a master of the political art here, i'm in washington but i would say if you had these points of views in a business context, as close as they are, i would say a deal would be in reach. >> you see some fundamental level of optimism from lloyd blankfine but a long way to go with the combination of prief pressure and public pressure, like the president is going to exert before we actually go to the flight of fired. i asked the treasury secretary...
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Nov 9, 2012
11/12
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so is it now okay to weep in washington? we'll talk about that. >>> and tonight on "mad money," a salute to america's veterans. aig's robert benmosche will be on "mad money" tonight at 6:00 p.m. and 11:00 p.m. eastern time. back with more "power lunch" in a moment. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your sch
so is it now okay to weep in washington? we'll talk about that. >>> and tonight on "mad money," a salute to america's veterans. aig's robert benmosche will be on "mad money" tonight at 6:00 p.m. and 11:00 p.m. eastern time. back with more "power lunch" in a moment. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550...
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Nov 9, 2012
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seeing a shift in tone in washington since the election. much more conciliatory tone on all sides here. i expect you'll see that on display tomorrow. the question is whether the fundamental stumbling blocks of democrats not wanting entitlement spending cuts and republicans not wants new tax revenues, whether those stumbling blocks can be finessed between now and the end of the year. >> many, many thanks. eamon javers, appreciate it. let's get first reaction from congress on the breaking news. welcome back to the show house gop chief deputy whip peter roskam from the great state of illinois. peter, great to see you as always. a lot of movement now. i want to ask you, do you think it's possible here, post-election, as the stock market literally hammers washington with the selloff? will democrats and republicans rise above partisan politics and get us something that can work? >> i think that there's a tremendous opportunity, larry, and here's why. speaker boehner, yesterday, gave a statement, a 10 or 12-minute statement and offed his sincere c
seeing a shift in tone in washington since the election. much more conciliatory tone on all sides here. i expect you'll see that on display tomorrow. the question is whether the fundamental stumbling blocks of democrats not wanting entitlement spending cuts and republicans not wants new tax revenues, whether those stumbling blocks can be finessed between now and the end of the year. >> many, many thanks. eamon javers, appreciate it. let's get first reaction from congress on the breaking...
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Nov 7, 2012
11/12
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this is a status quo election, and as is the case with a lot of things in washington, stat cuss quo is what we're going to get. in other words, it is much more useful to talk about things that will not happen than the things that will happen, because what we've had is gridlock. for example, there will not be carbon trading passed in congress any time soon. that will of course be a relief to the coal industry, to refiners, other high-carbon intensity companies. on the other hand, there will not be, for example, drilling off the coast of florida or the coast of virginia any time soon. not soo much becau much because election, but simply after the mccondo oil spill, that's not in the cards. >> let's boil this down in terms of which stocks will win and which stocks will lose in the energy patch. pavel? >> so, in the context of gridlock, as i mentioned, there are things that we can look to for historical precedent. i mean clearly the obama administration has not been a big fan of the coal industry and the epa has put in, for example, max regulations on coal, power plant emissions have been
this is a status quo election, and as is the case with a lot of things in washington, stat cuss quo is what we're going to get. in other words, it is much more useful to talk about things that will not happen than the things that will happen, because what we've had is gridlock. for example, there will not be carbon trading passed in congress any time soon. that will of course be a relief to the coal industry, to refiners, other high-carbon intensity companies. on the other hand, there will not...
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Nov 7, 2012
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eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated deal-making process, the kind of which he engaged with the president back in the summer of 2011. they weren't able to get the deal done then, but boehner seemed to be saying just here that he's willing to go back and renegotiation there and very conciliatory there at the end with the language to the president, mr. president, we are willing to be led. that's not the kind of rhetoric you heard from house republicans last summer, last year, before this election. so maybe there is a moment here post-election where things can change. i do want to add that harry reid, the senate democratic leader, was up on cap
eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated...
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Nov 29, 2012
11/12
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there's a live shot of the podium in washington. we are waiting for nancy pelosi to come out to discuss her meetings today on the fiscal cliff. timothy geithner out speaking with ms. pelosi among others talking about ways these two sides can come together. as soon as nancy pelosi takes to the podium, we'll take you there live. >> eamon javers standing by there in washington. what can we expect to hear from her? all day long wae've been hearin from both party sides. i can imagine we'll hear the same thing from nancy pelosi, the minority leader in the house. >> i think you're right. obviously the democrats have been saying the republicans aren't serious. the republicans have been saying the democrats aren't serious. i've been trying to get a sense of what she might say. they're very aware the movements if the market today have been very much pegged to what these members of congress are saying. whenever whatever we hear her say, you can be very sure she's saying it intentionally and clearly and be aware it might have a market impact. t
there's a live shot of the podium in washington. we are waiting for nancy pelosi to come out to discuss her meetings today on the fiscal cliff. timothy geithner out speaking with ms. pelosi among others talking about ways these two sides can come together. as soon as nancy pelosi takes to the podium, we'll take you there live. >> eamon javers standing by there in washington. what can we expect to hear from her? all day long wae've been hearin from both party sides. i can imagine we'll...
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Nov 7, 2012
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he didn't go to washington even though he spent $17 million trying. then there was joe kors in colorado. he certainly had name recognition. he's from the coors beer family. his money wasn't enough to unseat the incumbent there. do voters just dislike the wealthy? that's one theory. the 2010 elections saw most rich candidates fail. the other theory is that these candidates just are not electable. wealthy or not. money can do a lot of things, but apparently it can't guarantee you a seat in the senate. maria. >> that's really extraordinary. i guess, you know, the question is, was it a waste of money for these guys? apparently it was. >> a lot of people will ask, you know, what else could linda mcman have done with that $100 million? she could have done a lot of things. i think they would say they probably impacted the debate, discussion. who knows whether they could have won or lost. if you ask them, it was probably money well spent. although, they're not feeling very good today. >> right. just to get their voice in the conversation. >> exactly. >> rober
he didn't go to washington even though he spent $17 million trying. then there was joe kors in colorado. he certainly had name recognition. he's from the coors beer family. his money wasn't enough to unseat the incumbent there. do voters just dislike the wealthy? that's one theory. the 2010 elections saw most rich candidates fail. the other theory is that these candidates just are not electable. wealthy or not. money can do a lot of things, but apparently it can't guarantee you a seat in the...
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Nov 21, 2012
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anyway, back to washingtoning. the senate is going to vote on a bill that could let the feds read your e-mails without even a warrant. the bill's own sponsor probably never read his own bill in the first place and now, this goofy guy has withdrawn his support. free market capitalism is the best path to prosperity. but let's lower those rates too. how about a ko dudlowian flat t? i'll be right back. lives in the, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ >>> incredible intrusion into your personal freedom. vermont senator the leading democrat sponsoring this bill denies supporting his own bill. what happened? did he miss the part about rights? we have ckathrine mangaward thi is really something. don't need a search warrant to go into your e-mails. in fact you don't eve
anyway, back to washingtoning. the senate is going to vote on a bill that could let the feds read your e-mails without even a warrant. the bill's own sponsor probably never read his own bill in the first place and now, this goofy guy has withdrawn his support. free market capitalism is the best path to prosperity. but let's lower those rates too. how about a ko dudlowian flat t? i'll be right back. lives in the, it's about who lives in the yellow house, the green, and the apartment house, too....
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Nov 16, 2012
11/12
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in the meantime, can washington deliver a deal? investors seem a bit more hopeful today after comments from congressional leaders this morning. the market indeed turn around when they spoke. >> yes, however, erskine bowles, the foreman debt commission co-chair, one of the arkt tects of the simpson/bowles plan, told maria yesterday he still has real concerns. listen. >> if we get over the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash. >> well, so what is larry cantor at barclays telling his clients? for you, this is partly a timing issue. if it does take a long time, if we do go to the brink t would be worse for the markets, don't you think? >> absolutely. and it could well do that. one thing i want to point out here is cliff is actually a bad word. people seem to think over $600 billion of tax increases and spending cutting are going to hit the economy all at once on january 1st. that's not true. the 6
in the meantime, can washington deliver a deal? investors seem a bit more hopeful today after comments from congressional leaders this morning. the market indeed turn around when they spoke. >> yes, however, erskine bowles, the foreman debt commission co-chair, one of the arkt tects of the simpson/bowles plan, told maria yesterday he still has real concerns. listen. >> if we get over the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be...
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Nov 27, 2012
11/12
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our washington correspondent, john harwood, is here with the very latest. hi, john. >> reporter: hi, tyler. you know, everybody is staking out public positions and trying to drive public opinion their way. the president's been doing that all week. he is doing that with his meeting at 2:30 this afternoon with small business leaders from around the country. he is later going to travel to pennsylvania to make his case publicly, part of what he is saying is that if you adopt his plan on the extension of the bush tax cuts that is for the middle class and not for people at the top that almost every small business owner is going to get a tax cut as a result of that. and republicans are staking out their own position that tax revenue can go up but not tax rates. once they get into the room and the hard bargaining which of the positions ultimately falls away. the signs remain positive, tyler, we will get a deal by the end of the year. >> the president just half of the equation. congress is the other half. and many of those members, all in the house, are up for re-el
our washington correspondent, john harwood, is here with the very latest. hi, john. >> reporter: hi, tyler. you know, everybody is staking out public positions and trying to drive public opinion their way. the president's been doing that all week. he is doing that with his meeting at 2:30 this afternoon with small business leaders from around the country. he is later going to travel to pennsylvania to make his case publicly, part of what he is saying is that if you adopt his plan on the...
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Nov 30, 2012
11/12
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big money and the cliff as negotiations continue in washington. where are the nation's wealthiest investing? there are millions. let's ask the man who knows. keith banks is more than $200 billion in client assets and joins us in a halftime exclusive. great to have you here, keith. >> good to be here. >> what is your view as we look at all of the ji ratiomovements market minute by minute based on what is going on in washington how are you advising your clients? >> we just recently when the s&p got down to 13.60 went to an overweight in equities. the reason being we thought the majority of the bad news associated with the fiscal cliff fears were baked into the market give or take and the risk reward favored being more aggressive in stocks. >> the bottom line is you got more bullish, more recently looking for opportunity when maybe others were running for the hills. >> yeah. we're more worried about fixed income right now. i'll give you interesting numbers. over the last five years, there's been $1 trillion of positive flows into fixed income funds a
big money and the cliff as negotiations continue in washington. where are the nation's wealthiest investing? there are millions. let's ask the man who knows. keith banks is more than $200 billion in client assets and joins us in a halftime exclusive. great to have you here, keith. >> good to be here. >> what is your view as we look at all of the ji ratiomovements market minute by minute based on what is going on in washington how are you advising your clients? >> we just...
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Nov 9, 2012
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changing any of your irn vestment ideas or advice based on the expected outcome of the negotiations in washington? >> we did trim our year end market from 1475 to 1450. we cut it to 1450 under president obama's re-election. i'm still constructive on the market we have a 15-month 12-month target. there's fiscal tax policy, foreign tax and global economy and signs of reacceleration out of asia, that's where we've been focused on, and if we can see more signs of reaction sell rags and confidence, we'd like to get more aggressive on things like industrials. >> you didn't cut your price target by all that much, but why cut the price target at all based on the re-election of one man? >> there's been a dividend policy. 4 from an equity investment perspective, in an environmental where the yields have benefitted from great p.e. skpaengs as they have been hungry for yield, the dividend issue is key and we want to see the dividend rate stay low and equal. >> brian kelly is one of the traders on the show. he has a question for you. >> sure. >> i'm curious. even if we do get a compromise, we're still looking
changing any of your irn vestment ideas or advice based on the expected outcome of the negotiations in washington? >> we did trim our year end market from 1475 to 1450. we cut it to 1450 under president obama's re-election. i'm still constructive on the market we have a 15-month 12-month target. there's fiscal tax policy, foreign tax and global economy and signs of reacceleration out of asia, that's where we've been focused on, and if we can see more signs of reaction sell rags and...
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Nov 13, 2012
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if washington avoids the fiscal cliff, if, it sure looks like this could be a big-time buy opportunity. think about it. we are about to ask the money manager if he is thinking the same thing. later, president obama's going to make a public campaign to build support for his fiscal plan but what are those plans exactly? what is this public campaign? what's going on inside of his head. and don't forget, folks, i know sometimes it is discouraging. free market capital its silver medal the best path to prosperity ask i believe that it will prevail. just ask those oil drillers in north dakota. they have it right. "the kudlow report" is coming right back. >> going off the skifiscal christmas eve would be a disaster. >> time to rise above partisan politics. the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need i
if washington avoids the fiscal cliff, if, it sure looks like this could be a big-time buy opportunity. think about it. we are about to ask the money manager if he is thinking the same thing. later, president obama's going to make a public campaign to build support for his fiscal plan but what are those plans exactly? what is this public campaign? what's going on inside of his head. and don't forget, folks, i know sometimes it is discouraging. free market capital its silver medal the best path...
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Nov 28, 2012
11/12
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maybe the market has to fall a lot to get washington to do the right thing. maybe they have to take over. >> it could be larry that we need this bungee cord and it is so painful that they get together a deal. it is that type of thing, we saw it happen in august of 2011. and the market fell, i think 13% in a few days and washington got it's head together on that. i think it was last year, it wasn't until the 23rd of december and i think it was the 17th of the year before. >> i agree. bad bad bad in the short run. may be badder in the long run. jeff thank you. that is it for this evening's show. thank you for watching. we'll keep working on it. we'll be back tomorrow night. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they
maybe the market has to fall a lot to get washington to do the right thing. maybe they have to take over. >> it could be larry that we need this bungee cord and it is so painful that they get together a deal. it is that type of thing, we saw it happen in august of 2011. and the market fell, i think 13% in a few days and washington got it's head together on that. i think it was last year, it wasn't until the 23rd of december and i think it was the 17th of the year before. >> i agree....
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Nov 29, 2012
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i'm happy to be back from washington. i'm happy sue herera is at the center of the action -- i'm just a happy guy, sue. i'm glad to have you back, too. >>> it happened just before noon. once again the markets tanking, a steep dive after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment down here is these guys should stop talking and start crafting a deal. >> reporter: that's the sentiment here in the hallways of capitol hill as well, sue. i can tell you that. we are starting to get a little more clarity on what's going on here today. i just had the chance just a few moments ago to button-hole senator harry reid here in the hallway, asking him a very specific question. i said did treasury secretary tim geithner come up here with a new specific offer for republicans? is that what he laid down on the table for speaker john boe
i'm happy to be back from washington. i'm happy sue herera is at the center of the action -- i'm just a happy guy, sue. i'm glad to have you back, too. >>> it happened just before noon. once again the markets tanking, a steep dive after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment...
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Nov 10, 2012
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point them at washington. good evening, everyone, this is "the kudlow report." >> the president urged both sides of the aisle to get america's fiscal house before we fall off the cliff 52 days from now. what if they're arguing about the difference between tax loopholes and marginal tax rates. that's the debate. >> you mark my words. there's no way that the entire tax hike would be allowed to take place. no way. in terms of investment strategy, it is ridiculous that we'll be facing this. why all of the bickering when it equates to just one quarter of 1% of gdp. all right, supply side art mentor will join us to discuss. >>> also tonight, a shocker, david petraeus quits in disgrace or was he forced out just days before he was to testify in front of congress over the benghazi embassy terror attack. will we ever get the real answers? was the threat of blackmail behind this? >> we begin this evening with the president pushing congress to come together right now and solve the fiscal cliff mess. let's give peace a cha
point them at washington. good evening, everyone, this is "the kudlow report." >> the president urged both sides of the aisle to get america's fiscal house before we fall off the cliff 52 days from now. what if they're arguing about the difference between tax loopholes and marginal tax rates. that's the debate. >> you mark my words. there's no way that the entire tax hike would be allowed to take place. no way. in terms of investment strategy, it is ridiculous that we'll...
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Nov 29, 2012
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we want to go down to washington. harry reid, senate majority leader along with other democratic leaders are speaking now. >> we're ready to protect middle-class families from the fiscal cliff that they're facing by freezing the tax rates for the first $250,000 of all americans' income. letting the rates go up to the same level they were during the clinton administration. republicans know where we stand. we've said it. we've said it. we've said it so many times. the president said the same thing. it's been weeks, at least two weeks, since we met at the white house. we're still waiting for a serious offer from the republicans. really, now is the time for the republicans to move past this happy talk about revenues, ill-defined, of course, and put specifics on the table. the president has made his proposal. we need a proposal from them. i'm glad to see there are some reasonable republicans breaking from the pack. veteran representative cole and a new member, scott from south carolina, have said basically the same thing.
we want to go down to washington. harry reid, senate majority leader along with other democratic leaders are speaking now. >> we're ready to protect middle-class families from the fiscal cliff that they're facing by freezing the tax rates for the first $250,000 of all americans' income. letting the rates go up to the same level they were during the clinton administration. republicans know where we stand. we've said it. we've said it. we've said it so many times. the president said the...
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Nov 8, 2012
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president, you just won a mandate in the lerks you've got the majority in the washington government. you've got to sit down with senator reid. let's start passing things out of the senate. and the house will have an obligation to respond. >> the first thing. what would you say to him? what's the first number one sning. >> we're in a lame duck session. let's get the debt ceiling taken care of. let's get probably all the taxes extended through 2013. let's not fool around with them. just extend them all. and let's get this sequestration and no doubt there's going to be aid for hurricane sandy and some of that that will all get wrapped into that budget deal. do the russian pntr. and then go home. >> he says he wants corporate tax reform. in fact, he says he wants overall tax reform. it was in his speech last night. >> i'm glad that he does. he's actually talked about it. i think the rate's a little high. i think the proposal can be a bit more aggressive. we are way behind competitively on an international basis. that needs to be done. but we understand now we're at the point with all the
president, you just won a mandate in the lerks you've got the majority in the washington government. you've got to sit down with senator reid. let's start passing things out of the senate. and the house will have an obligation to respond. >> the first thing. what would you say to him? what's the first number one sning. >> we're in a lame duck session. let's get the debt ceiling taken care of. let's get probably all the taxes extended through 2013. let's not fool around with them....
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Nov 16, 2012
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we are following the developing story down in washington. talks at the white house as you heard between the president and congressional leaders just breaking up a short time ago. reaction immediate in the stock market as stocks rallied. came well off their lows and in positive territory now across the board. let's show you where we stand on this friday on wall street. as we hit the noon hour here, the s&p 500's up one third of a percent. that's the nasdaq good for a gain of 6 points. dow industrials down about 60 points. not that long ago with about a 100-point swing up 47 points now, better than one third of 1% and number of traders with me today. joe, john, simon, steve down on the floor of the new york stock exchange. doc, i'll go to you first. if there was a feeling of tone deafness in washington related to what the markets wanted, maybe they got what they wanted at least a little bit today seeing the reaction in stocks. >> nothing focuses the mind like the gallows and what was happening here. they were watching the markets melt down. th
we are following the developing story down in washington. talks at the white house as you heard between the president and congressional leaders just breaking up a short time ago. reaction immediate in the stock market as stocks rallied. came well off their lows and in positive territory now across the board. let's show you where we stand on this friday on wall street. as we hit the noon hour here, the s&p 500's up one third of a percent. that's the nasdaq good for a gain of 6 points. dow...
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Nov 15, 2012
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question that the stock market would actually do that and really concentrate the mind of these dopes in washington. >> wasn't it bob ruben who said during the clinton years -- or james carville -- the same thing. look what happened, clinton cut the rate and you had a huge rally in stocks and bonds. the stork market may do the same thing here. >> if you want to root for a bullish stock market, maybe in the short term, let's get a deal going and then do tax reform and entitlement reform. meantime, i think stocks are warping these guys you're going to put us on the precipice of a recession, and that's bad for earnings and stocks. >> the fed has done the same thing. they've come out in recent weeks and said instead of just buying $45 billion of bonds every month, we may have to double that and extend it out further. >> richard fisher of the dallas fed told me last night they don't do that. actually, that's not fair. he said in his opinion they shouldn't do that. we don't know, you might right. mike of "forbes," thank you very much. >>> this is truly the video of the day. the israelis get their man. th
question that the stock market would actually do that and really concentrate the mind of these dopes in washington. >> wasn't it bob ruben who said during the clinton years -- or james carville -- the same thing. look what happened, clinton cut the rate and you had a huge rally in stocks and bonds. the stork market may do the same thing here. >> if you want to root for a bullish stock market, maybe in the short term, let's get a deal going and then do tax reform and entitlement...
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Nov 15, 2012
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is a deal in washington what investors are waiting for to get back into the game? joining me now is ben pace from deutsch back private wealth management, scott collier and our own mandy drury. good to see everybody. ben pace, what is behind this selling, and when will it end? what's your take? >> i don't think it's really economic right now, maria. i think it's pretty political. every pronouncement we've heard over the last four, five days has decreased the likelihood we're going to have a quick resolution of bargaining that has to happen in washington. again, it has to happen. it increases the likelihood that we fall off the cliff for lack of a better term. we still don't think that's over the 50% probability. it was probably 25 to 30 mow. that's why the markets are where they are. they're starting to hit levels now where they're looking attractive from a dividend yield perspective, distance from our targets at year end, they're starting to look more attractive at the 1350, 1355 level. >> so you would put money to work at that 1355 level on the s&p 500? >> this is
is a deal in washington what investors are waiting for to get back into the game? joining me now is ben pace from deutsch back private wealth management, scott collier and our own mandy drury. good to see everybody. ben pace, what is behind this selling, and when will it end? what's your take? >> i don't think it's really economic right now, maria. i think it's pretty political. every pronouncement we've heard over the last four, five days has decreased the likelihood we're going to have...
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Nov 27, 2012
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grid lock in washington dragging on stocks again today. let's go with the latest on fiscal cliff talks on capitol hill. >> let me give you a sense of what the impact was from the fiscal cliff talks here in washington. just after 2:00 when the senate majority leader came to talk to reporters about progress in the talks take a look at this s&p chart and you see that the market drops right as harry reid speaks. talking about that lack of progress. let me tell you exactly what he said and why i think the market got it a little bit wrong today. here is harry reid's comment that the market was reacting to. >> there has been little progress with the republicans which is a disappointment to me. they talked happy talk about doing revenues but we only have a couple of weeks to get something done. we have to get away from the happy talk and start talking about specific things. >> my take on this is that the market heard the senate majority leader saying there is little progress up here but what he was really saying is there is little progress with th
grid lock in washington dragging on stocks again today. let's go with the latest on fiscal cliff talks on capitol hill. >> let me give you a sense of what the impact was from the fiscal cliff talks here in washington. just after 2:00 when the senate majority leader came to talk to reporters about progress in the talks take a look at this s&p chart and you see that the market drops right as harry reid speaks. talking about that lack of progress. let me tell you exactly what he said and...
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Nov 28, 2012
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all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidel can i help you? i heard you guys can ship ground for less th
all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy....
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Nov 14, 2012
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they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path as a country from a fiscal stand point that is reasonable, that is sustainable. investors have to have that degree of confidence before they can move. the other issue that's big for investors is tacxes. investors don't know what's going to happen, and they're not likely to put money to work until they have a better idea of the future. >> if you have dividend taxes going from 15% to 43%, because we know that under the umbrella of the fiscal cliff, dividend taxes go to ordinary income levels. that's 39.6%. so you add 39.6% with the health care tax, you're coming up with 44% dividend, taxes. do y
they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path...
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Nov 12, 2012
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. >>> can washington rise above the partisan rancor to keep the u.s. from falling off the fiscal cliff come the first of january? eamon javers live in the nation's capital reporting on the plans that could actually save the day. >> there's a lot going on in washington this week. we're going to have a press conference from the newly re-elected president of the united states. we're going to have business groups visiting the because to talk about the fiscal cliff and we'll have high-level negotiations between members of congress and the president and his team on the fiscal cliff, all trying to avert a showdown here before the end of the year. but i want to drill down on one issue of this that might be really important to our audience which is the question of capital gains and dividends taxes, where are those headed under all of these various fiscal cliff scenarios. you talk about the different plans out there. a lot involve cap gains. simpson-bowles under that plan released last year, capital gains are taxed as ordinary income. domenchi-rivlin, cap gains.
. >>> can washington rise above the partisan rancor to keep the u.s. from falling off the fiscal cliff come the first of january? eamon javers live in the nation's capital reporting on the plans that could actually save the day. >> there's a lot going on in washington this week. we're going to have a press conference from the newly re-elected president of the united states. we're going to have business groups visiting the because to talk about the fiscal cliff and we'll have...
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senior fellow is in washington and joins us now. xenia, good morning. >> good morning. >> i want to explore the impact of the leadership on the u.s. it's gotten drowned out amid the focus in washington. but just what is at stake as china prepares to hand over power? >> it's enormously important. we've been incredibly focused on the u.s. system for really the last six months or so if not longer. the american election is much louder, much more engaged democratic system that makes an awful lot of noise with an awful lot of press. the transition in china takes place behind closed doors, a lot of guesswork even today from the outside. so we know a lot less. in some respects you you could make the argument that the transition could be less significant, but i don't necessarily think that's so. who leads china over the next five, ten years is going to be just as important or certainly extremely important in the same way that we watch the american election. >> and make a point that is really interesting because at a time when during the camp
senior fellow is in washington and joins us now. xenia, good morning. >> good morning. >> i want to explore the impact of the leadership on the u.s. it's gotten drowned out amid the focus in washington. but just what is at stake as china prepares to hand over power? >> it's enormously important. we've been incredibly focused on the u.s. system for really the last six months or so if not longer. the american election is much louder, much more engaged democratic system that...
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we'll get his reasoning on that and get a bull/bear debate going. >>> plus, can washington rise above and come together before we drive off the fiscal cliff? why some fear it cannot. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-294-5412. >>> welcome back. a little over 30 minutes left on the trading session. if you're just joining us, time to get a quick sta
we'll get his reasoning on that and get a bull/bear debate going. >>> plus, can washington rise above and come together before we drive off the fiscal cliff? why some fear it cannot. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it...
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Nov 8, 2012
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will washington get its act together and work together to fix the fiscal cliff? we have a former economic advisor to president's reagan and bush. jared bernstein is former economic advisor to vice president joe good to see you both. thank you so much for joining us. diana s delaying everything really the best option here? i don't think that's what voters want. what do you think? >> well, i think it is. i think the majority of voters don't want taxes to increase. that's why john boehner has such a large majority of republicans in the house of representatives almost probably more americans voted for republican members of the house of representatives than for president obama. he does not have a mandate to raise taxes. >> jared? >> if we postpone it -- go ahead, jared. >> no, please. go ahead. >> if we postpone the tax hikes and the spending cuts for a year, it'll give congress a chance to do some fundamental tax reform that will not hurt the economy, that will bring in more revenues that will make everything more efficient. >> jared, what do you think? does going ov
will washington get its act together and work together to fix the fiscal cliff? we have a former economic advisor to president's reagan and bush. jared bernstein is former economic advisor to vice president joe good to see you both. thank you so much for joining us. diana s delaying everything really the best option here? i don't think that's what voters want. what do you think? >> well, i think it is. i think the majority of voters don't want taxes to increase. that's why john boehner...
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Nov 19, 2012
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the fact that washington is on vacation -- not helping. eamon javers is live on capitol hill where congress isn't. eamon. >> that's right. look behind me. see if you see any members of congress. they're not here, they're on recess for thanksgiving week. the president of the united states is in cambodia on an overseas trip of multi-days but there is still some work going on here in washington. let me walk you through thanksgiving week in washington, d.c. starting with the president who over the weekend called some major ceos including jpmorgan's jamie dimon who pick their brains about where they think we should go in terms of this fiscal cliff. he also called warren buffett and tim cook of apple. hill staffers are here today, casual monday on capitol hill, they're putting numbers on paper. democratic senate aides say they are working on language that would allow the top bush tax cuts rates to expire. they're going to hold the line on that provision. then the outside groups are mobilizing. just got an e-mail today from a group of unions incl
the fact that washington is on vacation -- not helping. eamon javers is live on capitol hill where congress isn't. eamon. >> that's right. look behind me. see if you see any members of congress. they're not here, they're on recess for thanksgiving week. the president of the united states is in cambodia on an overseas trip of multi-days but there is still some work going on here in washington. let me walk you through thanksgiving week in washington, d.c. starting with the president who...
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Nov 14, 2012
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. >> we have 47 days for washington to work out a deal. this is a special edition of "power lunch" -- "rise above." as we await president obama's news conference 30 minutes away. >>> that is a live picture of the white house, everyone. the president's news conference begins in 30 minutes from now. we will count you down every step of the way. fiscal cliff will obviously be one of the top topics this hour. brian sullivan, eamon javers, john harwood is working his way into the white house right now for that news conference. they are all gathered with me. brian, we're going to begin with you. >> this is a big day at the white house. this is a big week at the white house regarding the fiscal cliff, guys. and today, 12 top ceo are coming here to the white house to meet with the president, anything from walmart to duke energy to ursula burns of xerox and nine others. they will gather up, they will huddle up and exchange ideas to try to find a fix for the fiscal cliff. the question is, how much is the president willing to give on spending cuts, h
. >> we have 47 days for washington to work out a deal. this is a special edition of "power lunch" -- "rise above." as we await president obama's news conference 30 minutes away. >>> that is a live picture of the white house, everyone. the president's news conference begins in 30 minutes from now. we will count you down every step of the way. fiscal cliff will obviously be one of the top topics this hour. brian sullivan, eamon javers, john harwood is working...
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Nov 26, 2012
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should you be encouraged by the latest comments out of washington. let's get to the top story. should you be betting on some of the tech names? you have facebook, yahoo all getting upgrades. should you be buying to the rebound. grasso, goldman sachs is saying conviction for yahoo. >> yahoo i agree with. for me facebook was a buying opportunity based on technicals. yahoo is in an improve me stage. 19 is real resistance. marissa may erwhen she came back six hours after having a baby she came back. to me that was -- >> i'm looking for paternity leave these days. >> you have to go to norway for that one. >> it is a tremendous story. they are investing. they are buying more opportunities. they still have competition but the stock is really proving itself but it is at a make or break section right here. it has to cross over $19.50 just to be precise. >> and for facebook it is trying to grind its way back to $38. it is a long way below that. any love. >> this is definitely one where you are getting more data to look at the comps score data up 6.4 on mobile. the mobile revs btig, burn
should you be encouraged by the latest comments out of washington. let's get to the top story. should you be betting on some of the tech names? you have facebook, yahoo all getting upgrades. should you be buying to the rebound. grasso, goldman sachs is saying conviction for yahoo. >> yahoo i agree with. for me facebook was a buying opportunity based on technicals. yahoo is in an improve me stage. 19 is real resistance. marissa may erwhen she came back six hours after having a baby she...
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Nov 29, 2012
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it's terrific to layer the capital some on what happens in washington. it's seemingly nothing to do with the compromise and rising above is maybe the devil's playground. >>> there's the opening bell. >> i think people should buy some stocks now in order to protect against the transition from deflation to inflation. we've been in a deflationary period now for five years. it's really been driven by the collapse in the credit systems. >>> i think they will have a framework for making the grand bargain in the next session of congress. but that's just more a hope than a firm prediction. >> we're checking our lists as the "squawk on the street" countdown to christmas continues. ho, ho, ho! ♪ oh, tannenbaum, oh tannin baum ♪ >> a little early for nat king cole. good morning. a check on the markets on this thursday. dow holding on to a 43 point gain. s&p at 1416 has crossed into positive territory for november. in fact, it's bumping up against its rather important 50-day moving average. nasdaq up 21 as well. apple and research in motion leading the tech rall
it's terrific to layer the capital some on what happens in washington. it's seemingly nothing to do with the compromise and rising above is maybe the devil's playground. >>> there's the opening bell. >> i think people should buy some stocks now in order to protect against the transition from deflation to inflation. we've been in a deflationary period now for five years. it's really been driven by the collapse in the credit systems. >>> i think they will have a framework...
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lynn lion from "newport news" she just wants to see cooperation in washington. she said, let's show the rest of the world that we are adults and living in a democracy, we can solve our problems by working together. that's what they debate is all about. that's why it's so important that as many americans as possible send a message that we need to keep moving forward. so today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress, write them an e-mail, post it on their facebook walls, you can tweet it using the hashtag my2k. now y2k, but my2k. we figured that would make it easier to remember. i'm doing my part. i'm sitting down with ceos, labor leaders, talking to leaders in congress. i am ready and able and willing and excited to go ahead and get this issue resolved in a bipartisan fashion so that american families, american businesses have some certainty going into next year. we ca
lynn lion from "newport news" she just wants to see cooperation in washington. she said, let's show the rest of the world that we are adults and living in a democracy, we can solve our problems by working together. that's what they debate is all about. that's why it's so important that as many americans as possible send a message that we need to keep moving forward. so today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the...
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market driven by headlines and bluster out of washington. yep, that's what investors should expect short term. maybe until january 1st. should they also expect a rally any time soon? according to ryan dieterich, rally could most definitely be headed our way. >> he joins us now to explain along with peter anderson from congress asset management company. bill mcvail from turner investment partners and our very own rick santelli. peter, i have to begin with you. with a name like congress asset management, is congress going to come through for your assets? >> well, i wish i had an inside scoop on that, but unfortunately, we're also left to speculate at this point. but i will say this. what's incredible about this market is the way the market moved up today, it's an instant polling network that the government can use, actually, to kind of float trial balloons to us and get a sense of what we think of their proposed actions. >> peter, that is so charming. you assume this government cares what you think. >> well, i like to think that. i do think th
market driven by headlines and bluster out of washington. yep, that's what investors should expect short term. maybe until january 1st. should they also expect a rally any time soon? according to ryan dieterich, rally could most definitely be headed our way. >> he joins us now to explain along with peter anderson from congress asset management company. bill mcvail from turner investment partners and our very own rick santelli. peter, i have to begin with you. with a name like congress...
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also the subject of that press conference. >>> certainly it is a big day in washington. we just wrapped up that news conference. but the president is not done. he'll meet with 12 ceos in the white house right now, mostly consumer focused industries. they will work together to figure out how business could help perhaps rise above the partisan rhetoric to fix this fiscal cliff. we've got our all-star team ready to tackle all of it. john harwood, my take-away from the news conference was this -- aside from everything else, you heard the president sticking to his guns about raising tax rates on those making more than $250,000, something john boehner said he is unlikely to support. that seems to be the entire crux of the fiscal cliff stalemate. >> well, it's only part of it, brian, because you've also got the issue of entitlements. you notice the president got a question at the tail end of that news conference on the spending side which he didn't address because he hadn't called on our colleague who asked the question. on taxes, what you heard from the president was a practic
also the subject of that press conference. >>> certainly it is a big day in washington. we just wrapped up that news conference. but the president is not done. he'll meet with 12 ceos in the white house right now, mostly consumer focused industries. they will work together to figure out how business could help perhaps rise above the partisan rhetoric to fix this fiscal cliff. we've got our all-star team ready to tackle all of it. john harwood, my take-away from the news conference was...
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unlike someone in washington. where the country is appropriate the most successfully one in mankind. >> is europe learning from switzerland? >> the fragility of e -- okay -- is past. in the process of breaking. and gradual and slow transformation into -- if you want europe to survive, it is going to move to something closer to switzerland. >> how about eequipped and the middle east? that's another big stressor. >> egypt is a prime case of what i -- let me invent a word here -- gran greenspanization of something. egypt, the policy of the western world was egypt by propping up mubarak to have stability, quote, unquote, was account of greenspan stability we have, that kind of pseudo moderation. things were brewing under the surface and now we pay the price after 40 years of sadat and the other fellow. so now we have to pay the price. what's going to happen? nobody knows. even the players don't know. we still don't know. i don't think it is going -- we're going to move to democracy overnight. we're going to have turmo
unlike someone in washington. where the country is appropriate the most successfully one in mankind. >> is europe learning from switzerland? >> the fragility of e -- okay -- is past. in the process of breaking. and gradual and slow transformation into -- if you want europe to survive, it is going to move to something closer to switzerland. >> how about eequipped and the middle east? that's another big stressor. >> egypt is a prime case of what i -- let me invent a word...
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>> well, the problem is i don't trust anything that's coming out of either side if washington. you never lead with your best offer, your best and final offer. clearly, they're just playing this dance here. the problem is for an individual investor, you could get out, try and make some increased volatility. try and bet on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens, everything is going to flip the other way. i'd like to find a way to play the market, but i think for long-term investors, valuation gets more and more important. the more you stretch things out. the key thing people are miss -- i agree with rick, the economy is not that strong, but it is still growing steadily and valuations are so extreme that you know which way the money is going to go when things settle down. i just wouldn't want to be on the wrong side of that trade. >> stephanie, that's basically the way you feel. you have sort of opportunities out there. how do you see it, stephanie? >> i think
>> well, the problem is i don't trust anything that's coming out of either side if washington. you never lead with your best offer, your best and final offer. clearly, they're just playing this dance here. the problem is for an individual investor, you could get out, try and make some increased volatility. try and bet on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens,...
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this is a serious question that i'm hearing from washington all the time. so let's talk. we have cnbc contributor jack bernstein, former chief economist, and art laffer, former reagan adviser. i'm not attacking obama or anything. i'm just saying there is a lot of talk of stalemate. well perhaps go through where, why and how. staffs have been meeting unsuccessfully. some people are saying, art, that the scenario is going to be that president finally throws up his hands and says there is no deal, we're going to have a stalemate and we will tall off the fiscal cliff into recession and then he will blame the republicans. what's your take? >> i think he's going to blame the republicans, larry, for sure. and i think in the republican's interest to delay it as long as possible and make the republicans look as uncooperative as possible. but we will fall off the cliff anyway, larry. and i think we will have a very bad year in 2013, even if they do extend all of the tax cuts. i think we have a real bad scenario coming forward. >> jared bernstein, what do you think that the presiden
this is a serious question that i'm hearing from washington all the time. so let's talk. we have cnbc contributor jack bernstein, former chief economist, and art laffer, former reagan adviser. i'm not attacking obama or anything. i'm just saying there is a lot of talk of stalemate. well perhaps go through where, why and how. staffs have been meeting unsuccessfully. some people are saying, art, that the scenario is going to be that president finally throws up his hands and says there is no deal,...
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the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house officials now. in southwest ohio, john boehner's district north of cincinnati, a tip back into recession would bring very real economic pain. >> oh, i thought -- you did that so well, john. i thought you were leading up to a tape soof some kind. >> i was leelding ileading up f some kind, it's not rolling. >> you fooled them. representatives go back to their home states during a thanksgiving holiday. do you think they got an earful? get something done, compromise, do something, or stand your ground. what do you think the message was? >> yes, i do think they did. it's not a stand your ground message. somebody said the other day about the election that neither party got a mandate coming out of the election. what they got was a work order to get the job done. i think that's what john boehner's constituents are telling him. that's what all the other congressional leaders are hearing from their people. n
the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house officials now. in southwest ohio, john boehner's district north of cincinnati, a tip back into recession would bring very real economic pain. >> oh, i thought -- you did that so well, john. i thought you were leading up to a tape soof some kind. >> i was leelding ileading up f some kind, it's not rolling. >> you fooled...
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Nov 7, 2012
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this ticking clock can be heard from washington to wall street. we turn our attention to this immediately today. you have corporate leaders from jamie dimon, warren buffett to jeff immelt. among our partners in the crusade, we have a trio of duelling guest hosts. we are joined by jared bernstein. also tony fratto. at 7:00 eastern, roger altman, and david walker. in the final hour, we have two former chiefs of staff. john pedesta and ken uberstein. >> let's begin with the presidential race. phil lebeau has been working overtime. he spent the night at obama headquarters in chicago. hampton pearson is with the romney team in boston. but phil, we will start with you. >> andrew, good morning. it's only been a couple of hours since president obama gave his victory speech here at mccormick place. and that speech a lot of people were looking at and said did it set at least initially the tone for his second term in office. during the speech, he talked about the country coming together and ending the divisiveness that has been typified by the campaign over
this ticking clock can be heard from washington to wall street. we turn our attention to this immediately today. you have corporate leaders from jamie dimon, warren buffett to jeff immelt. among our partners in the crusade, we have a trio of duelling guest hosts. we are joined by jared bernstein. also tony fratto. at 7:00 eastern, roger altman, and david walker. in the final hour, we have two former chiefs of staff. john pedesta and ken uberstein. >> let's begin with the presidential...
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Nov 28, 2012
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let me talk about lloyd blankfein, the ceo of goldman sachs who's here in washington today making the rounds. what a difference a year makes for lloyd glablankfein who for past couple of years has been something of a pariah. this morning he told me what he had's like to see out of a deal here in washington. >> we're in the middle of a financial crisis and an economic crisis. so you'd expect the people who are in the middle of the economy and who know most about finance to go down and give their opinions. again, we're not telling people what to do. we don't -- we're not in a election, we're not elected to do that but we do have the exper cease and the people who are legislating are right to ask our views. >> lloyd blankfein there being a little bit gentle saying we're not here to tell people what to do but cl is clearly a message these ceos want to get across today. a little bit while ago we saw a press conference here on capitol hill where ceos called for a bipartisan solution. >> so we encourage congress and the white house to put aside the political rhetoric that still invades this
let me talk about lloyd blankfein, the ceo of goldman sachs who's here in washington today making the rounds. what a difference a year makes for lloyd glablankfein who for past couple of years has been something of a pariah. this morning he told me what he had's like to see out of a deal here in washington. >> we're in the middle of a financial crisis and an economic crisis. so you'd expect the people who are in the middle of the economy and who know most about finance to go down and give...
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Nov 16, 2012
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>> how would we feel in washington about that? >> would it be a natural security concern in. >> tell him to take his rise above button off. that is not rise above. >> yoplait and the french. >> oui! >> no way, they love mcdonald's. >> we want some sort of a solution to the fiscal cliff, we'd like to see something like that. yesterday on cnbc, alan simpson and erskine bowles weighed in on expectations for the fiscal cliff and the potential for getting a deal done on debt. they joined maria yesterday on "the closing bell" and here's what erskine bowles had to say about america's global competitiveness. >> if we get our house in order the future of america is really bright and question compete with the best and brightest. if we don't, we're well on our way to becoming a second rate power. >> joining to us talk competitiveness and the ifisical cliff is mirkle porter, harvard business school professor and michael great to see you. >> great to see you becky and austan great to see you as well. you are one of our great leaders in trying
>> how would we feel in washington about that? >> would it be a natural security concern in. >> tell him to take his rise above button off. that is not rise above. >> yoplait and the french. >> oui! >> no way, they love mcdonald's. >> we want some sort of a solution to the fiscal cliff, we'd like to see something like that. yesterday on cnbc, alan simpson and erskine bowles weighed in on expectations for the fiscal cliff and the potential for getting a...
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Nov 8, 2012
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i think what will be very critical is the extent to which washington can 3450u6 bamove ba center. and that will take sacrifice on both sides. however the democrats in particular are going to read 50% of the national vote on one side, we know how bill clinton reacted to 49% in 1996. he moved to the center. how the democrats view 50%, that's all they got on the national vote, yet some people would say we belt our lead in the senate and house so we do have a mandate. i think what's been lacking, we need compromise and if we can get it that and understanding on both sides that our taxes will have to go up, there's no question taxes will have to go up. the question is what sort of taxes. i don't think we should be tinkering with top marginal rates. it's beyond just what the stock market is telling you. tinkering with top marginal rates tinkers with the fundamental incentive system in the economy. there are other ways to create revenues. on the other side, there's no question that we have to attack the spending side and the entitlements. so it's going to come down to washington moving t
i think what will be very critical is the extent to which washington can 3450u6 bamove ba center. and that will take sacrifice on both sides. however the democrats in particular are going to read 50% of the national vote on one side, we know how bill clinton reacted to 49% in 1996. he moved to the center. how the democrats view 50%, that's all they got on the national vote, yet some people would say we belt our lead in the senate and house so we do have a mandate. i think what's been lacking,...
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Nov 27, 2012
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and washington either provides or it doesn't. how much is borne locally and -- that's a subject to negotiations. >> what is that number? in the 42 billion that cuomo is talking about? >> i think he's talking about 9 in new york and another huge number for 42 for the state. it's unclear. >> i want to know how much of that is -- that seems like a big number. >> it's a big number. >> i thought about connecticut. connecticut was -- >> how do i respond to you without dissing louisiana? it's new york. more expensive homes. people more packed together. more power outages. everything is bigger and more expensive here. >> i've seen the devastation in shore areas. you've seen it. think about new york city and manhattan being swamped. >> you remember hurricane andrew which flattened homestead down in florida. there were parts of new jersey and long island that look like that. >> not nearly the size -- houses down there were $150,000 a piece. the homes that were destroyed up here were millions of dollars a piece. >> that's what i'm saying. i
and washington either provides or it doesn't. how much is borne locally and -- that's a subject to negotiations. >> what is that number? in the 42 billion that cuomo is talking about? >> i think he's talking about 9 in new york and another huge number for 42 for the state. it's unclear. >> i want to know how much of that is -- that seems like a big number. >> it's a big number. >> i thought about connecticut. connecticut was -- >> how do i respond to you...
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Nov 9, 2012
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meantime, a road map starts at cross section of wall street and washington. third weeks of losses as congressional office highlights difficulties if no fiscal cliff worked out. >> jcpenney shares on sale as it posts a much bigger loss and revenue miss. concerns mounting now about whether ceo ron johnson can right this ship. >> disney shares under pressure. casually optimistic about theme park business. >> groupon, one analyst slashing his down to one. >>> the worries the president and washington lawmakers will not agree on a deal to avoid the fiscal cliff. the cbo warns if an agreement is not struck by the end. year, the u.s. economy would head back into recession, contract by half a percent in 2013. president is scheduled to make remarks on the cliff at 1 p.m. time. speaker boehner will address us. can the president say anything to make this whole week look like a dream? >> that's a tough one. what our lalt friend mark haines used to talk about, we need a capitulation, we need the answer, no, are you kidding? there was a congressman on "squawk" this morning
meantime, a road map starts at cross section of wall street and washington. third weeks of losses as congressional office highlights difficulties if no fiscal cliff worked out. >> jcpenney shares on sale as it posts a much bigger loss and revenue miss. concerns mounting now about whether ceo ron johnson can right this ship. >> disney shares under pressure. casually optimistic about theme park business. >> groupon, one analyst slashing his down to one. >>> the worries...
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Nov 12, 2012
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how about charlie in washington state? charlie? [ busy tone ] >> wow, charlie sounds like one of those eagles plays i made yesterday. yeah, it was my fault. the fiscal cliff is overshadowing good investment opportunities. we have to keep the pressure on. and then we can go back to saving for our kids and retirement. "mad money" will be right back. >> coming up, penny for your thoughts? jcpenney is on the retail hot seat while wall street speculated on its future with former apple executive ron johnson at the helm. but while one retailer struggles, cramer may have found one that's cleaning up. the big reveal is ahead. and later, red rising? con concerns over a slowdown in china hampered markets here at home. there are signs that could be changing. tonight, cramer is sifting through the facts to find the tough ways to play a potential turn around in the people's republic. >>> plus, trunkin'? westport innovations seemed out of gas after reporting last week. but then went into overdrive after the announcement it would be making engines
how about charlie in washington state? charlie? [ busy tone ] >> wow, charlie sounds like one of those eagles plays i made yesterday. yeah, it was my fault. the fiscal cliff is overshadowing good investment opportunities. we have to keep the pressure on. and then we can go back to saving for our kids and retirement. "mad money" will be right back. >> coming up, penny for your thoughts? jcpenney is on the retail hot seat while wall street speculated on its future with...
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Nov 6, 2012
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congress and washington responds to pain. that might be why we're about to go over the fiscal cliff. incentives. this might be a lot like the t.a.r.p. vote. they need to see a market reaction. they need to see the business community reaction. >> i know what you're saying, maria, but ei think the reality is that right now i'm trying to game out if obama wins. what is the republican incentive to compromise? same is true with the democrats. either the rules of the game change, and there's a lot of talk about what would change that, in other words redistricting the whole united states so these guys don't have such safe seats and they're not able to be so one sided. >> you know what i don't understand? this is all on these guys' watches. last year we talked about the deadline for the fiscal cliff. they knew what was coming. you would think six months ago they said to themselves, okay, in six months we have to make a decision. let's have a plan "b." tlt there's no back-up plan. >> wait until after the election and see what's. that'
congress and washington responds to pain. that might be why we're about to go over the fiscal cliff. incentives. this might be a lot like the t.a.r.p. vote. they need to see a market reaction. they need to see the business community reaction. >> i know what you're saying, maria, but ei think the reality is that right now i'm trying to game out if obama wins. what is the republican incentive to compromise? same is true with the democrats. either the rules of the game change, and there's a...
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Nov 30, 2012
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but i think we'll see this resolution on washington and that will continue to put people into oil as growth picks up. >> it's been a great week, jeff. appreciate it very much. ty, have a great weekend. i'll see you monday. that does it for us on "power lunch." >>> it will be another business week next week as we look ahead to the jobs report and more. "street signs" begins right now. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road for detroit. one state senator's plan to dissolve the city. he is your guest. happy friday, everybody. mandy will be back on monday. i'm brian sullivan. thank you very much for joining us. >>> stocks relatively in a holding pattern again all ahead of the
but i think we'll see this resolution on washington and that will continue to put people into oil as growth picks up. >> it's been a great week, jeff. appreciate it very much. ty, have a great weekend. i'll see you monday. that does it for us on "power lunch." >>> it will be another business week next week as we look ahead to the jobs report and more. "street signs" begins right now. >>> breaking news on the fiscal cliff. the gop saying they will...